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's winter of discontent, when britain had double-digit inflation, a top income tax rate of 83% and rising unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military en
to pay respect to those faithful americans who filed their tax returns this week. only with a stark reminder of the enormous burden we have placed upon them with our complicated tax code. you know, it's been like a snowball going down a hill. it just gets bigger and more bloated the more cumbersome with each passing year. mr. pittenger: mr. speaker, this needs to stop. we added 4,400 changes to the tax code in the last 10 years. we can make it better. house republicans have a plan. we have a plan to reform the tax code, to make it simpler, to make it fairer, to make it responsible to the american people, put more money in their paychecks and to give more money to them to take care of their families. mr. speaker, american taxpayers deserve better, and we're going to do it. thank you. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from the great state of california sook recognition? -- seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one
of them. we will be right back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com to grow or start your business tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> so, much more news tonight from boston and from washington on the bombing case, and on the possibly ricin-loaded envelope sent to government officials, including president obama. there was also the vote on new gun regulations today, an extraordinary vote today in the gnat and an extra extraordinary response from the president of the united states. i
in terms of cutting spending. cutting spending in the tax code. then i think it also keeps promises to people, it to those that were part of their whole life and want nothing more than a secure retirement. and our veterans to whom we have made promises as the have donned the uniform and fought for the country. host: what about the issue of chain cpi? guest: i start with the very basic notion that social security has not contributed one penny to the current deficit or debt. table in not be on the this part of discussion. similarly, to be concerned about the long-term solvency of so-so security. urity.ial sec retirement security is a real question mark for many americans. let's look at the real contributors to our deficit and debt as we try to tackle those challenges. and host: two final questions before we go to calls. this is another article from the hill. why were you left off the list of the 12 senators that went to dinner? iest: i have no idea, but have been very pleased with the president's increase -- increase out reach to the senate and a house. that dialogue is essential to m
and use tax laws and for other purposes. mr. reid: mr. president, i would object to any further proceedings in regard to this bill. the presiding officer: objection having been heard, the bill will be placed on the calendar. mr. reid: mr. president, today this august body will honor the memory of 20 first-grade children, little babies who were gunned down, most of them shot multiple times. we will also honor the teachers and administrators who were killed that day in newtown, connecticut. but we're also going to honor with this legislation tens of thousands of others who were killed by guns each year here in america. we're going to do that by voting on a number of measures to strengthen the laws to prevent gun violence in this nation. mr. president, the families of innocents killed in newtown, aurora, in carson city, blacksburg, in oak creek and columbine really deserve these votes. where do i stand on these democratic proposals? this afternoon the senate will vote on a compromised background check proposal crafted by senators manchin, toomey, kirk and schumer, all experienced l
spending in essence bankrupts the country because you can't raise income taxes at least high enough to cash that level of spending but it can't be done. indisputable that that is our number one problem in terms of the budget. we hear talk about the budget today. i just wanted to get your thoughts on that. the white house has proposal in the budget that as i read would reduce that growth from about 110% over the next 10 years to about 100%, but it's 104% because it also assumes a permanent medicare doc fix and also does include a 90 billion a canceled sequestration cuts to medicare which would further decrease health savings. so it's somewhere more than 104% increase in spending rather than 110%. no structural reforms. the question is what the trustees having told us medicare trust fund is insolvent in 2024, again with everyone who's looked at this thing our number one driver in all this is medicare. and once again th mire funding trigger ha'teen ignored so no proposal from the administration even though it's required by law. my question is, what do you suggest in terms of dealing with this
possessed in this country? and who would pay for it? would gun owners be subject to still more fees or taxes for exercising their second amendment rights? who would have access to the so-called registry? would the public know who owns guns and who does not? who would ensure that this sensitive information is protected and not used for political purposes, and how? we do not know the answers to these questions, but we do know that such restrictions will not prevent the next tragedy. we should not start down this dangerous road. what should we do instead? i have a few suggestions. instead of undermining the second amendment, mr. president, congress should focus its attention on three areas. first, i believe that robust prosecution of violent criminals is the best deterrent for violent crime. prosecutors should punish to the fullest extent of the law individuals who misuse guns, knives or anything else to commit violent crimes. there should be no leniency, mr. president, what ever for the commission of such crimes. secondly, we should examine and address any deficiencies -- and we have them -- i
every bill is too big and every deal tends to be today. so for example, like on tax reform, tomorrow i would lower the income tax. if we can compromise on the number i would lower it to 17% tomorrow. just do it. i don't care if people predicted less revenue, less revenue means more revenue in economy. if you in an enormous boost to ththe con and we like under kennedy, like under coolidge and like under reagan when you reduced rates, sometimes you get more revenue. that is because the deal is to be. same with immigration. we make it harder on ourselves are the debt commission, we make it a lot harder to find a deal when it has a thousand moving parts but i think we should go with the things we agree on and boom, boom, boom. it's why the rate -- that's why the public is so upset with us. all the stuff we agree on we won't pass because we say that will be the sweeter for the bigger deal. which we never seem to be able to get to one that break up all these big deals into smaller deals? i tried to pass the stand these a, science and technology these is expanding those. i tried to pass it by
. and then asa to close it off. >> yes, thank you, jim. the tax force says -- the task force says in our report all societies behave differently under stress. at those times they may even take actions that conflict with their essential character and values. and that's what we did here. of we were under stress, and we took actions that conflict with who we are. who we are called to be and who we have committed to be. and then we spent about ten years not being willing to face the truth about that. often by covering what happened with euphemisms and an awful lot of state secrets. so i believe that our detainee task force has functioned as a kind of truth commission, revealing where we strayed from our values by shining the light of investigation and analysis onto the problem in the open that the next time we're under that kind of stress we do not go down the same road. and it has been an honor to serve on this panel. >> thank you, dave. nick? >> very little, just in terms of new things, everyone here has discussed the general contours of the report which is the most important thing. there are som
Search Results 0 to 8 of about 9

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